Innovation Strategy & Implementation Flashcards
7 cards from real CPI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Innovation Strategy & Implementation flashcards as text
Which portfolio management approach balances incremental improvements with breakthrough innovations in an organization's innovation strategy?
Answer: The 70-20-10 innovation portfolio model
The 70-20-10 model allocates roughly 70% to core improvements, 20% to adjacent opportunities, and 10% to transformational bets, balancing risk and growth.
What is the primary purpose of an innovation thesis in a corporate innovation strategy?
Answer: To articulate where and why the organization will place innovation bets
An innovation thesis defines the strategic logic, opportunity spaces, and criteria guiding which innovation bets an organization will pursue.
When executing an open innovation strategy, what is the key risk organizations must manage?
Answer: Protecting core IP while leveraging external knowledge
Open innovation exposes proprietary knowledge to external partners, so robust IP agreements and clear boundary-setting are essential risk controls.
In the context of innovation implementation, what does 'minimum viable product' (MVP) primarily help organizations achieve?
Answer: Early market learning with minimal resource investment
An MVP is designed to test core assumptions with real users at low cost before committing to full-scale development.
Which innovation governance structure gives business units the most autonomy while maintaining strategic alignment?
Answer: Federated model with a central coordinating function
A federated model distributes innovation activity across units while a central function ensures strategic coherence, shared resources, and knowledge transfer.
What does 'horizon planning' in innovation strategy primarily address?
Answer: Mapping innovations across short-, mid-, and long-term time frames
Horizon planning (H1/H2/H3) categorizes innovations by time-to-impact so leaders can invest across near-term, emerging, and future opportunities simultaneously.
Which metric is most appropriate for measuring the health of an organization's innovation pipeline?
Answer: Ratio of ideas entering versus successfully commercialized
Pipeline conversion rate (ideas-in to commercialized-out) reveals funnel efficiency and where ideas are lost, making it a key health indicator.